Live chat support was available at the time of our visit but a bit slow to answer. The minimum deposit is $250 and the available methods are Visa, CryptoWallet and e-Payouts; the processing time is not specified. Information about withdrawals is missing and this should be addressed by LexaTrade. All we could find is that withdrawal processing takes up to 24 business hours and that a representative will contact the client in order to complete the processing of the withdrawal. Of course, we cannot vouch for the accuracy of the signals but it’s a nice addition. After a lengthy and extensive probe into the services and LexaTrade Forex brokers reviews, let us sum up the advantages and disadvantages of LexaTrade as a broker.
Aside from trading, clients can open positions, manage their account, and execute trades without delay. They can also set stop loss and take profit, track the movement of quotes, check forecasts for different instruments, and view their account balance. XCritical mobile app offers an easy-to-use interface, traders can access their trading account on the go, without any hassle. They can open positions, execute trades quickly, and monitor their account balance from anywhere, at any time.
- Caring for our clients, our company makes every effort to optimize the trading processes and services provided.
- It offers a Start account, Silver account, Gold account, Platinum account, and VIP account.
- They vary in features but are all promoting convenient and secure trading.
But of course, with the online reviews altogether polarizing, how does one filter the truth from fabrication? As I could have told early, this is how forex trading would have never gone…. These reviews deserve attention along with negative ones of LexaTrade lie.
Any existing trader can sign up to participate in the program and receive incredible bonuses. Platinum account of https://cryptolisting.org/ broker takes the advantages and perks of previous accounts to a higher level. It was curated specifically for advanced traders who invest both in short and long-term.
Peculiarities of Lexa Trade
Gaining more traders, LexaTrade expanded its services to different jurisdictions across continents. In 2019, LexaTrade amassed more than 2 million merchants worldwide. On its way to mainstream brokerage service, LexaTrade is starting to be a force to reckon with in terms of trading solutions. It is divided into webinars, trading courses, and a reviewer/questionnaire. These materials gear towards beginning traders who are still in the process of acquiring decent knowledge about trading.
The app also offers a range of features to help users stay informed, including access to currency forecasts, real-time asset quotes, and the ability to set stop loss and take profit levels. Whether a beginner or an experienced trader, the XCritical mobile app is a great way to enhance your trading experience. Aside from Web platform, LexaTrade also offers another powerful XCritical trading platform. The XCritical mobile app has an intuitive and simple interface that easily helps traders navigate the platform. Traders can also easily track the movement of market prices and get timely feeds of current forex forecasts through the functionality of XCritical mobile apps. Since the functions of the platform are separated, traders can also open and close transactions without delay and set Stop Loss and Take Profit quickly.
Overviewing LexaTrade Accounts
As we said earlier in our Lexatrade review, it offers a competitive trading experience, but it gets overshadowed by better companies. LexaTrade offers trading instruments in stocks, shares, commodities, and foreign exchange markets. Currently, the broker has over 200 trading instruments offered to its traders. XCritical is a convenient alternative to desktop and web platforms. Its portability allows clients to trade anytime and anywhere without hassle. You can open positions, check your account, execute trades without delay.
LexaTrade developed its own proprietary trading platform displaying a high-level of functionality, speed, and profitability. It has an intuitive interface and highly-functioning terminals to make trading comfortable with minimal risks. LexaTrade platform contains more than 170 trading assets and tools to provide quality trading experience. It is regulated by the International Financial Market Relations Regulation Centre, making it a reliable broker in the forex market. The broker offers different types of accounts to its clients for better trading experience. Feedback from traders indicates that the words about LexaTrade scam and LexaTrade cheat don’t correspond to the reality.
Overall this is a promising broker but a few tweaks here and there would make it a better one. That being said, they are very new at the time of this review, so there is time for improvement. This does seem like a friendly broker, but I am not sure it’s the best choice for a total beginner, simply because the lowest deposit to open an account is $250. Many regulated brokers allow $50 and even $10 as minimum deposits, so maybe you should pick one of those. On the other hand, if you are confident in your abilities and $250 is not a lot for you, then LexaTrade may be a good choice. Also keep in mind that the company is regulated (IFMRRC), which is not the fiercest of financial watchdogs, but any type of regulation is better than no regulation at all.
Have control over your money as we provide the favorable terms
That, along with the multiple phone lines, makes the broker easy to reach. The representatives are adept at problem-solving, so the overall communication flow is great. However, better options are present online, and it’s easy for most traders to switch. Furthermore, while there are some solid conditions, they all come with high price points. And if you’re already depositing that much, there are many brokers that do what Lexatrade does but better. Of course, the broker has options for downloadable terminals, web platforms, and mobile apps.
The information that these tools give are enough to forecast the probable results of each deal. Also, the firm of schemers lexatrade.com site offers its clients some benefits. It is also the truth because numerous positive reviews and experts’ reviews prove it. This broker offers a balanced mix of functionality and user-friendliness.
LexaTrade’s Available Platforms
This regulatory body is one of the most trusted in the world, meaning earning a regulatory lexatrade status from an organization guarantees the safety and reliability of a broker.
Lexatrade has five different account types covering budget and high-end options. The broker uses a tiered account progression where each type requires you to reach a specific threshold. The cheapest option is $250 while the most expensive is $100,000.
The collaboration of the Lexa trade company with social networks proves that the company is reliable and tries to save the trader’s money. Some negative reviews exist, but they are likely to be ordered by the competitors because there aren’t any photos. Discover even more profit opportunities using the technical adviser Autochartist, which is now built into the platform. Use the most effective methods of technical analysis and make profitable trading decisions! Autochartist will save your time and select the right entry points to the market, as well as give a clear analysis of the expected goals. Overall, LexaTrade is committed to providing exceptional speed, functionality, and profitability to ensure a convenient and user-friendly trading experience for all its users.